https://www.taxtmi.com/caselaws?id=798479 Income validly accumulated under section 11(2) and subsequently applied to charitable objects does not become specified income taxable under section 115BBI solely because of an inadvertent mismatch between return schedules. Where revised Form 10-BB and return disclosures establish the amount's source, character and charitable application, a reporting omission cannot create a statutory tax charge. Processing under section 143(1) cannot selectively rely on the mismatch while disregarding contemporaneous disclosures demonstrating that the accumulation neither became deemed income nor breached conditions applicable to charitable funds. The proposed adjustment is therefore liable to be deleted. en-us Tue, 18 Aug 2026 00:00:00 +0530 Tue, 08 Sep 2026 08:42:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798479 Income validly accumulated under section 11(2) and subsequently applied to charitable objects does not become specified income taxable under section 115BBI solely because of an inadvertent mismatch between return schedules. Where revised Form 10-BB and return disclosures establish the amount's source, character and charitable application, a reporting omission cannot create a statutory tax charge. Processing under section 143(1) cannot selectively rely on the mismatch while disregarding contemporaneous disclosures demonstrating that the accumulation neither became deemed income nor breached conditions applicable to charitable funds. The proposed adjustment is therefore liable to be deleted. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798479